SÃO PAULO--(BUSINESS WIRE)--Suzano, the biggest pulp producer globally, has released its quarterly results for the last quarter (4Q24) and the entire year (2024). The company achieved a record in pulp and paper sales, reaching 12.3 million tonnes, which is a 7% increase compared to 2023, largely due to the new pulp mill in Ribas do Rio Pardo, Mato Grosso do Sul. Additionally, the recent purchase of paperboard mills in the United States has helped boost sales volume.
At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. At the same time, we keep an eye on the most recent trends in value, growth, and momentum to support our top selections.
This Industry Outlook article has featured International Paper, Suzano Klabin, and Sylvamo.
This Industry Outlook article has featured International Paper, Suzano Klabin, and Sylvamo.
The increasing popularity of online shopping and the need for eco-friendly packaging are improving the outlook for the Zacks Paper and Related Products industry. This trend is advantageous for companies like IP, SUZ, KLBAY, and SLVM.
At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. However, we also keep an eye on the most recent trends in value, growth, and momentum to support our top selections.
Suzano, a top player in hardwood pulp, enjoys a strong market position, cost-effectiveness, and earns 80% of its revenue from exports, which helps it withstand market fluctuations. The company's plans for international growth and strong cash flow, supported by the new Cerrado Project plant, set it up for significant future development. Although it has faced cash flow issues recently due to high capital expenditures and land purchases, Suzano's healthy cash reserves and rising EBITDA suggest a positive financial future.
Suzano S.A. (NYSE:SUZ) will hold its Q3 2024 Earnings Conference Call on October 25, 2024, at 9:00 AM ET. The call will feature company leaders including CEO Beto Abreu and CFO Marcelo Bacci, along with participants from various financial institutions. Thank you for joining us to discuss Suzano's third-quarter results.
At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. At the same time, we keep an eye on the most recent trends in value, growth, and momentum to support our top selections.
SUZ is expanding its operations in North America by acquiring two industrial properties from Pactiv Evergreen.